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Cox to build Latin America’s largest desalination plant in Mexico, a $304 million project

  • Cox will build the first phase of the desalination plant, which will have a capacity of 2,200 litres per second, enabling the incorporation of approximately 190 million litres of drinking water per day into the regional water supply system.
  • The plant will reach a final capacity of 4,400 litres per second, supplying more than 380,000 m³ of drinking water per day to nearly two million residents in Tijuana and Playas de Rosarito.
  • It will be the largest desalination plant in Latin America for human consumption, adding to Cox’s track record of developing desalination plants in 16 countries with a combined desalinated water production capacity of more than 4.4 million m³/day. These include Taweelah, the world’s largest reverse osmosis desalination plant.
  • The project, promoted by Conagua, forms part of the priority actions under Mexico’s National Water Plan.

 

Madrid, August 18, 2026.  Cox, an international group specialising in critical water and energy infrastructure, has been awarded, through a public tender process, the construction of the Rosarito desalination plant in Baja California, Mexico. The project, promoted by the National Water Commission (Conagua), represents an investment of US$304 million and will help strengthen water security in the region, benefiting one million people during its first phase.

The desalination plant is one of the priority initiatives under Mexico’s National Water Plan and will address the water supply needs of Playas de Rosarito and the south-western area of Tijuana.

“This project reaffirms our commitment to Mexico following the acquisition of Iberdrola Mexico. Through this award, we are bringing our expertise in the water sector to a country where we continue to support the development of infrastructure that contributes to people’s well-being and to the country’s sustainable growth. We are proud to collaborate with federal and state authorities on an initiative aligned with the objectives of the National Water Plan and one that will help strengthen the region’s resilience to the challenges associated with climate change,” said Enrique Riquelme, Executive Chairman of Cox.

The first phase of the project includes the construction of a desalination plant with the capacity to treat 2,200 litres per second, enabling the incorporation of approximately 190 million litres of drinking water per day into the regional water supply system. Construction is expected to be completed within three years.

Cox will be responsible for the engineering, procurement of specialised equipment and construction of the infrastructure, which will provide a complementary and independent water source from the Colorado River, strengthening water resource availability in Baja California. The desalination plant will have a final production capacity of 4,400 litres per second, equivalent to more than 380,000 m³ of drinking water per day, making it the largest facility of its kind in Latin America.

The plant will use reverse osmosis technology, an advanced treatment system that employs semi-permeable membranes to remove salts, minerals and impurities from seawater and convert it into drinking water. This technology is recognised for its high operational efficiency, the quality of the water produced and its lower energy intensity compared with other desalination solutions.

Cox, an international leader in desalination and water treatment, operates desalination plants across 16 countries with a combined desalinated water production capacity exceeding 4.4 million m³ per day. This latest milestone follows the company’s construction of Taweelah in the United Arab Emirates, the world’s largest reverse osmosis desalination plant, with a capacity of 909,000 m³ per day. Cox has also developed Agadir in Morocco, Africa’s largest desalination plant serving both irrigation and human consumption, with a capacity of 400,000 m³ per day, as well as the first desalination plant in West Africa, located in Accra, Ghana, with a production capacity of 60,000 m³ per day.

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The multinational achieves, thanks to its proven experience in water resources management, its first award in the country

Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.